In a report released today, Saurabh Pant from Bank of America Securities maintained a Buy rating on Weatherford International (WFRD – Research Report), with a price target of $100.00.
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Saurabh Pant has given his Buy rating due to a combination of factors that underscore Weatherford International’s potential for growth and value. Despite a challenging first quarter, the company’s strong performance in well construction and completion boosted its adjusted EBITDA beyond expectations. Additionally, Weatherford’s adjusted free cash flow significantly exceeded consensus estimates, driven by effective management of working capital.
Looking forward, although the company’s guidance for the first quarter and full year 2025 indicates some challenges, such as anticipated temporary reductions in activity, Weatherford remains committed to achieving substantial EBITDA margins in the coming years. The firm’s steady execution, opportunities for market share and margin improvements, and its relatively low valuation compared to peers are pivotal elements supporting the Buy recommendation. These factors suggest a promising recovery trajectory and justify the optimistic outlook for Weatherford’s stock.
In another report released on January 27, Citi also maintained a Buy rating on the stock with a $90.00 price target.